Bombay High Court Grants Interim Relief to Anil Ambani in Black Money Case; CIT(A) Appeal to Continue but No Prosecution or Penalty Till Writ Petition Disposal
Observing that certain provisions of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 were challenged for being ultra vires, the Court granted interim relief by restricting the Commissioner of Income Tax (Appeals) from passing any coercive order against Anil Ambani.